FajarPaper carbon credit project is fully registered
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JAKARTA, October 12, 2012 – PT Fajar Surya Wisesa Tbk (FajarPaper) is pleased to announce that its Clean Development Mechanism (CDM), also known as carbon credit, project, titled PT Fajar Surya Wisesa Tbk Waste Incineration Plant, has effectively been registered to the United Nation Framework Convention on Climate Change (UNFCCC) as of October 10, 2012, being the date of registration action.
Through its second incineration plant, FajarPaper is able to prevent solid wastes from going into landfill, which then lead to reduction in carbon emission, generated by those solid wastes if the land-filling has taken place. Certified Emission Reduction (CER), the equivalent of carbon emission reduction, is expected to be around 43,000 metric tones of CO2 equivalent per year, for the duration from August 1, 2012 through the end of its crediting period of July 31, 2022. Other details of the CDM project registration can be found by following this link http://cdm.unfccc.int/Projects/DB/RWTUV1342178825.79/view.
Earlier this year, FajarPaper has also managed to obtain a Forest Stewardship Council (FSC) certification, under the Chain of Custody category for its products. FajarPaper is amongst the first few companies in Indonesia that were able to obtain the certification, as well as the CDM registration, due to the complexity and tight requirements of the process. Both recognitions have been a true testimonial for FajarPaper’s commitment in creating a balance between business and green environment.
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Clean Development Mechanism (CDM) allows emission-reduction projects in developing countries to earn certified emission reductions (CER) credits, each equivalent to one tonne of CO2. The mechanism stimulates sustainable development and emission reductions, while giving industrialized countries some flexibility in how they meet their emission reduction limitation targets. The CDM is organized by United Nation Framework Convention on Climate Change (UNFCCC).
United Nations Framework Convention on Climate Change (UNFCCC), is an international environmental treaty negotiated at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit, held in Rio de Janeiro from June 3 to 14, 1992. The objective of the treaty is to stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system. More information about CDM or UNFCCC can be found through this link: http://unfccc.int/2860.php
Forest Stewardship Council (FSC) is a global, not-for-profit organization dedicated to the promotion of responsible forest management worldwide, which enable businesses and consumers to make informed choices about the forest products they buy, and create positive change by engaging the power of market dynamics.
FSC Chain of Custody certification applies to manufacturers, processors and traders of FSC certified forest products. It verifies FSC certified forest products along the production chain. At each stage in the chain of processing and transformation, chain of custody certification is needed to confirm that FSC certified wood products are kept separate from uncertified products, or mixed in approved ways. More information about FSC and its certifications can be found through this link: http://ic.fsc.org/index.htm
To learn more about this Press Release, please contact FajarPaper’s Investor Relations Department at
ir@fajarpaper.com, or +62 21 344 1316.